Quiet Market Week Before The Storm?
Probably not. The past week gave us another round of choppy price action for most risk assets with the start performer being the Euro. This upcoming week will be quiet in economic data terms, but we’ll have plenty of other macro themes to keep us busy as virus headlines should remain a focus, alongside stimulus comments.
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Learn how to turn news into profits with our market commentary - learn more here – https://bit.ly/2CofGu4
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This upcoming week will be a very light one in terms of economic data with the main data highlight being the Markit Flash PMI numbers for the EU, UK and US on Friday.
However, we will have plenty to keep us busy in the form of virus headlines, quarter two earnings and the results of this weekend’s highly anticipated EU summit where it seems markets have been pricing in the possibility of a breakthrough judging by the outsized gains in the Euro this past week.
On Monday and Tuesday we have some important vaccine news due as AstraZeneca and Moderna release their phase 1 trial results. A lot of the good news has been leaked it seems so these two might be non-events, barring of course any unwelcome or welcome surprises.
Apart from that, focus also turns to politics as the US urgently needs to make up its mind on what to do in terms of the expiring stimulus relief measures which are expiring within the next couple of weeks. Any major breakthrough or setbacks could give risk assets something to think about in terms of the potential impact it might have on consumer confidence and by extension consumer spending.
This week ahead video will help you prepare for this week’s upcoming events and provide insights into how you could possibly trade it as well.
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Highlights of the video:
00:50 – Current Baseline
04:10 – Baseline expectations for the upcoming risk event
09:13 – Possible sentiment shifts
12:48 – Possible currency pairs to consider
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If you find these weekly analysis and trade ideas useful, you’ll love Forex Source. There’s a link below were you can learn more about it
https://bit.ly/2CofGu4
-----
Learn how to turn news into profits with our market commentary - learn more here – https://bit.ly/2CofGu4
----
This upcoming week will be a very light one in terms of economic data with the main data highlight being the Markit Flash PMI numbers for the EU, UK and US on Friday.
However, we will have plenty to keep us busy in the form of virus headlines, quarter two earnings and the results of this weekend’s highly anticipated EU summit where it seems markets have been pricing in the possibility of a breakthrough judging by the outsized gains in the Euro this past week.
On Monday and Tuesday we have some important vaccine news due as AstraZeneca and Moderna release their phase 1 trial results. A lot of the good news has been leaked it seems so these two might be non-events, barring of course any unwelcome or welcome surprises.
Apart from that, focus also turns to politics as the US urgently needs to make up its mind on what to do in terms of the expiring stimulus relief measures which are expiring within the next couple of weeks. Any major breakthrough or setbacks could give risk assets something to think about in terms of the potential impact it might have on consumer confidence and by extension consumer spending.
This week ahead video will help you prepare for this week’s upcoming events and provide insights into how you could possibly trade it as well.
----
Highlights of the video:
00:50 – Current Baseline
04:10 – Baseline expectations for the upcoming risk event
09:13 – Possible sentiment shifts
12:48 – Possible currency pairs to consider
----
If you find these weekly analysis and trade ideas useful, you’ll love Forex Source. There’s a link below were you can learn more about it
https://bit.ly/2CofGu4
